Sanctuary Wealth Management L.L.C. Buys Shares of 328 The Hershey Company (NYSE:HSY)

Sanctuary Wealth Management L.L.C. purchased a new position in The Hershey Company (NYSE:HSY) during the third quarter, HoldingsChannel.com reports. The fund purchased 328 shares of the company’s stock, valued at approximately $63,000.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of Hershey by 10.0% during the second quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock worth $58,951,000 after purchasing an additional 29,246 shares in the last quarter. CreativeOne Wealth LLC raised its position in Hershey by 179.4% during the first quarter. CreativeOne Wealth LLC now owns 6,958 shares of the company’s stock valued at $1,353,000 after purchasing an additional 4,468 shares in the last quarter. SG Americas Securities LLC lifted its stake in Hershey by 239.2% during the first quarter. SG Americas Securities LLC now owns 22,035 shares of the company’s stock worth $4,286,000 after purchasing an additional 15,538 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Hershey by 2.2% in the 1st quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock worth $10,608,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Hershey by 20.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,716 shares of the company’s stock valued at $2,986,000 after purchasing an additional 2,635 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HSY shares. Piper Sandler upped their target price on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group cut their price objective on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research note on Thursday, October 31st. Barclays decreased their target price on shares of Hershey from $204.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. JPMorgan Chase & Co. cut their price target on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Finally, UBS Group cut Hershey from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $190.56.

Insider Transactions at Hershey

In other news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the sale, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Hershey Stock Up 1.6 %

Shares of HSY stock traded up $2.82 during midday trading on Friday, reaching $175.67. 3,115,302 shares of the stock were exchanged, compared to its average volume of 1,375,510. The Hershey Company has a 1 year low of $171.67 and a 1 year high of $211.92. The firm has a market cap of $35.54 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 4.09 and a beta of 0.38. The company’s 50 day moving average is $189.17 and its two-hundred day moving average is $192.13. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, November 7th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.16). The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.07 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. On average, equities research analysts predict that The Hershey Company will post 9.39 EPS for the current year.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.37 per share. The ex-dividend date is Monday, November 18th. This represents a $5.48 annualized dividend and a dividend yield of 3.12%. Hershey’s payout ratio is 60.89%.

Hershey Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.